Shutterstock (SSTK)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 12.22% | 14.05% | 17.39% | 18.38% | 9.48% |
| Operating profit margin | 7.81% | 11.33% | 14.04% | 12.73% | 3.10% |
| Pretax margin | 13.99% | 11.01% | 13.60% | 13.37% | 3.83% |
| Net profit margin | 12.60% | 9.21% | 11.93% | 10.72% | 3.09% |
Shutterstock Inc's profitability ratios exhibit varying trends over the past five years. The gross profit margin has shown a consistent decline from 64.10% in 2021 to 59.68% in 2023, indicating a decreasing efficiency in generating revenue after accounting for the cost of goods sold.
The operating profit margin also demonstrates fluctuations, with a notable decrease from 13.98% in 2021 to 7.82% in 2023, suggesting challenges in controlling operating expenses and generating profits from core business activities.
On the other hand, the pretax margin has displayed more stability, showing improvements in profitability before taxes from 2019 to 2023. This indicates that the company has been effectively managing its income and expenses at the pretax level.
The net profit margin, which reflects the company's bottom-line profitability after accounting for all expenses and taxes, has generally increased over the years, showing a positive trend in generating profits relative to total revenue.
Overall, while there are fluctuations in different profitability ratios, Shutterstock Inc has demonstrated improvements in net profit margin over the years, which indicates enhanced control over costs and efficient revenue generation. However, the declining gross profit margin and operating profit margin raise concerns about the company's cost structures and operational efficiency.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.60% | 10.62% | 12.69% | 11.69% | 3.20% |
| Return on assets (ROA) | 10.64% | 8.64% | 10.79% | 9.84% | 3.19% |
| Return on total capital | 12.98% | 20.92% | 23.08% | 20.21% | 6.14% |
| Return on equity (ROE) | 20.92% | 17.01% | 19.61% | 17.01% | 6.13% |
Shutterstock Inc's profitability ratios indicate a generally positive trend over the last five years.
- Operating Return on Assets (Operating ROA) has been fluctuating over the years, from a low of 3.20% in 2019 to a high of 12.74% in 2022. In 2023, the Operating ROA decreased to 6.60%. This indicates the company's ability to generate operating income from its assets has weakened compared to the previous year.
- Return on Assets (ROA) has generally improved over the five-year period, with 2023 showing a significant increase to 10.64% compared to the previous year. This suggests that Shutterstock Inc's profitability in relation to its total assets has strengthened.
- Return on Total Capital has also shown improvement, with 2023 reporting a return of 12.28%, higher than the previous year. This indicates that the company's ability to generate profits from its total capital has increased.
- Return on Equity (ROE) has exhibited a positive trend, consistently improving over the years to reach 20.92% in 2023. This reflects the company's ability to generate profit for its shareholders from the equity invested in the business.
Overall, Shutterstock Inc's profitability ratios demonstrate a positive trajectory, indicating efficient management of assets, capital, and equity to generate returns for the company and its shareholders.